China’s property market is suddenly looking a whole lot hotter.
A new housing index covers more cities than any other available gauge, reaching into many of the smaller towns where development has been most frenetic. And lo and behold it has produced a striking conclusion: that property prices are rising twice as fast as official data suggests. Continue reading »
If you had an indebted, loss making property development business in a market that was saturated with supply and you asked your local government to cough up a reasonable chunk of money to take it off your hands, what do you think would happen?
Well, if your name is Weixian Wang and your business is in Shanghai, it seems the government says ‘ Yes!’ Continue reading »
Two of the chief concerns about the Chinese economy are shadow banking and rising property prices. Wang Tao, chief China economist at UBS, talks to John Authers about how the government is trying to cool prices and address fears of a credit crisis.
New measures to cool China’s housing market have triggered fresh volatility and stock declines across Asia. But we think the latest government moves won’t derail the long-term drivers of Chinese real estate growth. Continue reading »
China’s stocks plunged after the state council late on Friday announced increases in downpayments and borrowing rates for buyers of second homes in cities, dragging down the CSI 300 Index by the most in two years, after the government ordered more measures to cool property prices and growth in the nation’s services industries slowed. Continue reading »
The sector fell about 6 per cent on the week, dragging the Shanghai equity market down by nearly 5 per cent in its biggest drop in nearly two years. But, as the charts after the break show, Chinese property companies have weathered the post-2007 global turmoil pretty well, outperforming the overall Chinese Continue reading »
The National Bureau of Statistics said on Friday that, on a month-to-month basis, prices rose in 53 of the 70 cities covered in its survey, with striking increases in Beijing and Shanghai. No wonder the authorities are worried. Or that equity investors have taken fright, with the Shanghai Composite index falling this week by 4.9 per cent, its biggest weekly drop since mid-2011. Continue reading »
But the impact was compounded by unexpected moves from the Chinese authorities to curb the property market and reduce to reduce liquidity. As a result the MSCI Asia ex-Japan index slumped by 1.8 per cent, with China leading the way and Shanghai closing down 3 per cent. Continue reading »
Chinese equity markets rose again on Monday, extending their recent rally, thanks largely to widely-expected news that China Vanke, the country’s biggest developer by market value, would switch trading in its foreign-investor B shares from Shenzhen to Hong Kong.
Vanke, which had been suspended since late last month, surged by the 10-per-cent daily limit, pulling the Shenzhen B index of foreign-investor shares up by 4.7 per cent and triggering a 3.0 per cent jump in the Shanghai B-share index. There’s growing speculation that other companies will follow suit. Continue reading »
Is this a bubble or not? Housing sales in China are back up in November. Well, sort of.
Caveats abound on China’s economic statistics, including those on the property market. But if there is one thing to remember, it’s this: monthly data look very different from yearly data. And yearly is almost always a better guide. Continue reading »
Retail rents remain buoyant in emerging markets as an expanding middle class attracts tenants despite the global economic slowdown.
Commercial property services company, Cushman and Wakefield, surveys its international offices annually to study retail rental performance. In the year to June 2012, rents increased 4.5 per cent globally, rising in 147 of 326 locations. Continue reading »
The buildings created by SOHO China look like something from an alien skyscape. Glass, steel, curved walls – all the clichéd hallmarks of futuristic urban architecture.
The Beijing developer was founded in 1995 by Zhang Xin and her husband Pan Shiyi, who are chief executive and chairman respectively and together hold a 65 per cent stake in the company. Aimed at creating iconic commercial buildings in prime locations, SOHO China has completed developments covering 3m square metres in gross floor area since 2001. Continue reading »
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